The Fraser Institute declares Tax Freedom Day each year. It is an inaccurate trick to further interests of the millionaires and billionaires for whom the “charity” works. Many of those people use overseas tax shelters so their personal tax freedom days fall in January.
Don’t expect Fraser Institute to mention Earth Overshoot Day, “the date when we (all of humanity) have used more from nature than our planet can renew in the entire year.”
Do not expect Canada’s mass media to pay much attention either. About 300 news people have been through the Fraser Institute’s indoctrination program for journalists and the results delight the organization.
This means Canadian news consumers will be regularly told that climate change is a secondary issue in comparison to more worthy economic priorities, like spending billions of taxpayer dollars to ensure expansion of fossil fuel production from the oil, gas and coal fields of western Canada.
Donald Gutstein reported that attendee Jonathan Sas believes the Fraser Institute’s purpose is to insert neoliberal doctrine into basic economic concepts and principles that guide corporate media reporting.
Gutstein asserts that 94 per cent of journalism graduates have no academic background in economics. Most of the rest have taken only a basic introductory course so, as a group, they are easy captures for propagandists.
However, unlike Canadian spin doctors, business people at the highest international levels are now rating climate change as a critical economic issue.
Last month Forbes Magazine published England’s HSBC Issues Stark Warning: Earth Is Running Out Of Resources To Sustain Life:
England’s largest bank, HSBC, issued a warning that governments and businesses are not prepared for climate impacts as Earth continues to run out of resources to sustain human life…
While rare for a bank to chime in on climate change and environmental management, HSBC analysts believe it’s essential to include climate risks in future financial models. According to NASA, extreme weather events and natural disasters are tied to climate change and will become more severe and regular as Earth continues to warm.
HSBC has realized that it is essential to include these events and their economic implications in planning for the future. They will impact investment decisions, regulatory frameworks, and societal changes.
HSBC is not alone among major financial institutions in planning and mitigating for climate risks. Over 315 organizations around the world support the Task Force on Climate-related Financial Disclosures. Companies that support TCFD are among the world’s largest financial institutions, including Bank of America, Barclays, BBVA, Citigroup, Fidelity, JPMorgan Chase, and RBC…